Financial services provider unveils fix and track mortgages by Finance News Bulletin

Published: 04/09/07

Banking customers who expect interest tax to drop over the next 12 months may be interested to learn about a new mortgage offering from Woolwich The financial services supplier has launched fix and path mortgages that are available with a maximum 80 per cent loan-to-value and an arrangement charge of £595The mortgages offer set lending rates of 539 per cent for the first year but then transform into tracker mortgages that hold at 0

39 per cent below the base speed thereafterAndy Gray, head of mortgages at the monetary services provider, has explained why he thinks the mortgage will appeal to many prospective mortgage holders"The power of this product is that the one-year fix will cut the wings of any further interest speed rise this year while allowing borrowers to take full advantage of any fall in interest tax next year," he saidlately, financing website MoneyExpert attempted to alert homeowners to the potential savings that can be made by switching mortgage supplier

According to the portal's figures, mortgage holders could cut £200 off their journal repayments by switching from a standard variable speed mortgage charged at 75 per cent to a fixed-rate mortgage with lending tax of 53 per centFinancing website points to GBP 207 investments for mortgage holders who shop around - Fri, 01 Jun 2007Today's Most Popular consequences Mortgage Enquiry shape Need Life Insurance

------ Mortgages - Information Mortgages - Home ------ monetary Services - HomeNew-build properties endorsed by preparation association, mortgage applicants learn - Tue, 05 Jun 2007None of the in order on this website is intended to promote any specific mortgage manufactured goods or provide mortgage advice Mortgagescouk is a non-regulated trading name of Financial armed forces Net Ltd

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